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All Forum Posts by: Cody Malone

Cody Malone has started 9 posts and replied 39 times.

Post: Lubbock REIA needed and wanted

Cody MalonePosted
  • Lubbock, TX
  • Posts 39
  • Votes 8

I have joined the lubbock REIA group that i found in lubbock, but the site is listing Fox and the Hound as the meeting place, and that establishment has been closed. So my question is this: Is there an active REIA? And if so where and when do they meet? Thanks!

Post: the 2% rule in lubbock texas, myth or reality?

Cody MalonePosted
  • Lubbock, TX
  • Posts 39
  • Votes 8

@jordan sutherland Great advice jordan, do you curently have properties achieving these rent factors? And if so, generally which lubbock neighborhood do you feel is the best to achieve these results? I was thinking south of 19th and east of university

Post: Shipping container multi family

Cody MalonePosted
  • Lubbock, TX
  • Posts 39
  • Votes 8
Hello Shiloh! It’s crazy the number of options these containers allow for the end user, builder and designer!

Post: Shipping container multi family

Cody MalonePosted
  • Lubbock, TX
  • Posts 39
  • Votes 8
Hey jay, I’d love to check out what your airplane partners doing, sounds like he is ahead of the curve, does he have a website?

Post: Shipping container multi family

Cody MalonePosted
  • Lubbock, TX
  • Posts 39
  • Votes 8
And John, that Detroit tidbit was a goldmine, as it turns out Detroit has many ongoing projects utilizing the containers, I’ve already reached out to a few of the builders and contractors, thanks for pointing me in the right direction!

Post: Shipping container multi family

Cody MalonePosted
  • Lubbock, TX
  • Posts 39
  • Votes 8
Hey Matt, I check d out that container park, that’s a cool setup, and there were some good design elements as well. Thanks for the link!

Post: the 2% rule in lubbock texas, myth or reality?

Cody MalonePosted
  • Lubbock, TX
  • Posts 39
  • Votes 8

Awesome advice guys. I assumed that that would be the case and was basing my model from 1-1 1/2%, but it is truly reassuring to see that the experts agree, thanks for the input!

Post: the 2% rule in lubbock texas, myth or reality?

Cody MalonePosted
  • Lubbock, TX
  • Posts 39
  • Votes 8

Is the 2% rule a far cry in Lubbock?  I've been running the numbers on multiple locations and i have yet to find a property that can produce and fall within the 2% rule.  Is there anyone who is achieving these kinda of results?

Post: Shipping container multi family

Cody MalonePosted
  • Lubbock, TX
  • Posts 39
  • Votes 8

Is there anyone experienced in shipping container homes? Starting a new multifamily project and any advice would be awesome, thanks!